4.3 Particulars of income and expenditure from social housing lettings - Group Retirement housing to let £’000 Residential care homes £’000
Total 2024 £’000
Total 2023 £’000
Income Rent receivable net of identifiable service charges
181,005 101,917 282,922 12,453 10,763 306,138 –
284,245 465,250 404,801
Service charge income Net rental income
– 101,917
76,654
284,245 567,167 481,455
Amortised government grants
289 278
12,742
12,974 5,396
278
Other revenue grants 1
Other income from social housing lettings Turnover from social housing lettings
1,710
12,473 11,150
286,522 592,660 510,975
Expenditure Management
46,935 94,092 28,266 26,377
31,939
78,874
77,417
Service charge costs Routine maintenance Planned maintenance
224,498 318,590 263,383
4,942 4,432
33,208 30,809 1,668
26,968 28,889 1,223 62,231 1,023 427
Bad debts
831
837 682
Lease charges
79
761
Depreciation of housing properties Impairment of housing properties Depreciation of other assets
47,773
16,878
64,651
– – –
–
–
1,142 8,507
1,142 8,507
858
Amortisation of goodwill
3,544
Other costs
25
499
524
196
Operating costs on social housing lettings
244,378 61,760 57,306
294,356 538,734 466,159
Operating surplus / (deficit) on social housing lettings Prior year surplus / (deficit) on social housing lettings
(7,834) (12,490)
53,926 44,816
44,816
–
The value of void losses was £5,754,000 (2023: £4,408,000). 1 Other revenue grants in 2023 includes UK Government Infection Control Grant (“ICG”) and Local Authority Sustainability Funding.
80 Anchor Hanover Group Annual Report & Financial Statements 2024
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